. >>> voters endorsed proposition 30, governor brown's plan to hike sales and income taxes to raise $6 billion to balance the state budget. so what comes next? cbs 5 political insider phil matier spoke with the governor today. phil. >> reporter: that's right. this is a first step, but we didn't go off the cliff but it's still a rocky road here in sacramento and for california. >>> we're not going to see the $5.5 billion of cutbacks to k- 12. >>> reporter: educators however say there's still more to be done. >> it wasn't about piling a bunch of new money on schools saying we are going to make new investments. it was about stopping the cuts. >> reporter: and let's not forget, the state still faces a $32 billion wall of debt from past borrowing. >> you have to make sure over the next few years that we pay our bills we invest in the right programs but we don't have the latest spending binges like we did in the days where you had the dot-com boom. >> reporter: the other news out of the election, the first time since 1933 the ruling party in this case the democrats may have won enough seats